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The Baltimore Sun to be purchased by nonprofit

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BALTIMORE (AP) — The Baltimore Sun says the newspaper and its affiliated publications will be purchased by a nonprofit that would run the organization for the community’s benefit.

The newspaper reported Tuesday that the sale was made possible by Alden Global Capital’s $630 million deal announced late Tuesday to acquire full control of Tribune Publishing, which also publishes the Chicago Tribune, the New York Daily News and others.

As part of the deal, the nonprofit Sunlight for All Institute would acquire The Baltimore Sun, The Capital Gazette in Annapolis, The Carroll County Times and several other local weeklies and magazines and affiliated online properties.

The nonprofit was developed by businessman and philanthropist Stewart Bainum.

 

 

Source: AP – All contents copyright 2021 Associated Press.  All rights reserved.

 

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